Supporting Low Value Payments Systems / ACHs with bulk clearing and settlement solutions
Low Value Payments Systems (LVPS) clear millions of retail payments for national or regional communities. They need to offer efficient clearing, netting and settlement services to their participants, balancing cost, process efficiency and risk mitigation. They need to meet increasing demands for interoperability with other retail payment platforms.
SWIFT supports more than 25 LVPS providing a standardised, reliable and scalable messaging platform.
Standardised business flows for LVPS
Supporting flawless and automated execution of payments initiation, clearing and netting, settlement, liquidity and cash management and exceptions and investigations.
Secure, reliable messaging services
Suite of efficient bulk messaging services, including Copy Services, which enable the sender to trigger a copy of a payment file for payment authorisation.
Consulting, training and operational services
SWIFT can help ACHs and their communities with their large projects, from design right through to go live and future evolution, with standards, integration, business and technical advice.
ISO 20022 expertise
A range of initiatives, products and services to support LVPS moving to ISO 20022
SWIFT acts as ISO Registration Authority for BIC and IBAN and supports implementation of the LEI (Legal Identity Identifier).
SWIFTRef offers a single source of accurate and up-to-date reference data.